June 30, 2022
top cryptocurrencies

top cryptocurrencies

Cryptocurrency is a popular topic today and so the cryptocurrency memes. Despite being a volatile asset, this new decentralized money technology rose to popularity after the global success of the first cryptocurrency which is Bitcoin. It was founded by Satoshi Nakamoto and is operational since 3rd January 2009. Even though now there are a plethora of other altcoins in the crypto market, still, Bitcoin remains among the top cryptocurrencies. 

 

Many people have become rich in doing investments in BTC. Some of the popular names include Winklevoss Twins, Barry Silbert, Changpeng Zhao, Sam Bankman-Fried, Michael Saylor, Brian Armstrong, and Akshay Haldipur from India. Now many big companies have been accepting payment in cryptocurrencies. Big investment banking companies like Goldman Sachs and JPMorgan Chase have also encouraged the use of cryptocurrency. 

 

Starting from Bitcoin, there are thousands of cryptocurrencies or altcoins like Tether, Ethereum, Dogecoin, and Shiba Inu. Now, this can be overwhelming for those who have begun exploring the crypto world newly. Today we are going to list down some of those cryptocurrencies that are popular in India. So let us find out which are they:

 

Top cryptocurrencies in India

 

The list begins with:

 

Bitcoin

 

When it comes to the listing of top cryptocurrencies, then how can it be without the mention of the first cryptocurrency, i.e Bitcoin. Founded by Satoshi Nakamoto, it made its operational debut on 3rd January 2009. It runs on a digital ledger named blockchain technology. It is where all past transactions made in Bitcoin are recorded via a chain of blocks. The provision of PoW (Proof of Work) ensures the safety of BTC from bad characters. 

 

Bitcoin has become a household name as its price has skyrocketed. Six years ago, the crypto king coin could be purchased for $500. On 1st March 2022, $44K was the price of solo Bitcoin. Current price: $36,466.14.

 

Solana

 

Solana comes as another best crypto choice in India. The main purpose of its development was to power the utility of Defi, DApps, and smart contracts. It operates upon special hybrid techniques like proof-of-stake as well as proof-of-history. This helps in process of transactions done instantly and securely. The platform is powered by SOL, the native token of Solana. At the time of its launch in 2020, $0.77 was the price of it. In the current year (2022) on 1st March, $101 was the price of Solana cryptocurrency. Current price: $83.33.

 

Binance Coin

 

Binance Coin is also one of the top cryptocurrencies in India. It is that type of cryptocurrency that finds its best use for trading and payment of fees on its native exchange platform Binance. This crypto exchange is popular in the world. BNB has inflated in facilitating trades on Binance. Other than being referred for trading or processing payment, the exchange’s native token is also used for booking travel arrangements. 

 

Moreover, you can also exchange BNB with other alternate cryptos like ETH or BTC. In 2017, it was priced at $0.10. And in 2022, during the starting of March, its price rose to $413. Current price: $379.91.

 

Polkadot

 

Polkadot came into being in 2016. It is a distinctive blockchain interoperability protocol that is framed to link different chains. Polkadot security can be useful for developers in the creation of blockchains. The best thing about its native cryptocurrency DOT is its total supply does not have any hard limit. In May 2020, the price of Polkadot was $6.30, and in 2021, it climbed high to $55.11 in May. Current price: $14.58.

 

Cardano

 

Cardano is well known for its early hold on PoS validation. This method helps exceed the time of transaction and also minimizes the use of excess energy. ADA is the native token of the Cardano platform had modest growth in comparison to other major crypto cryptocurrencies. The price of ADA was $0.02 in 2017. Then in 2022, on 1st March it rose to $0.99. Current price: $0.7898.

 

Litecoin

 

Litecoin is also on the list of top cryptocurrencies in India. This crypto project came in 2011. Charlie Lee, a software engineer in Coinbase exchange, is behind the creation of Litecoin. It is one of the early cryptocurrencies whose code was copied from the foremost cryptocurrency Bitcoin. 

 

Despite the similarity with the dominant crypto coin, Litecoin excels in being much faster in terms of transaction speed. There is no need for any mediating party to make payment with LTC to anyone around the world. Like Bitcoin is called ‘Digital Gold’, Litecoin is called ‘Digital Silver’. 

 

The total supply of LTC is 84 million tokens. Last year in May, Litecoin achieved its all-time high reaching $413.47. But being volatile, it came down to fifty percent. There are many traders to undertake LTC. This altcoin holds the status of being the 21st largest crypto in the world. Current price: $97.82.

 

Final words

 

So these are those top cryptocurrencies in India that we have listed here in this article. Check out the best crypto memes on Cryptoknowmics, the leading crypto-based website. Here you can stay abreast with the ongoing updates on airdrops, ICOs, and other new developments taking place in the crypto space. 

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